Search

Reap The Benefits Of Your PMP® Certification

What makes you stand out in the crowd as a PMP® certified professional? PMP® Certification is considered worldwide as the gold standard for project management certification. One needs to do a lot of hard work in order to acquire one, which includes specialized formal training and several thousand hours of practical experience in order to pass a rigorous certification exam.This entire process helps to validate your project management skills as well as, it ensures that you have the knowledge of the highest standard that makes you apt for the role of Project Manager. Once you get PMP® certified, you need to maintain it by earning PDUs, as your PMP® certification is only valid for 3 years. Now, how does all this hard work benefit you?Advantages of being PMP® CertifiedGot PMP® certified? Then it’s time for you to reap the benefits out of your PMP® Certification.PMP® certification is an unbiased endorsement of your professional experience and project management knowledge at a global level. Having this certification under your belt exposes you to benefits like high market value, increased credibility, and most often, a higher pay. But is it worth getting a PMP® certification? This is the most common question that arises in your mind when you prepare yourself for a costly and complicated journey to get PMP® certified. The following benefits will surely help you to find the answer to your quest:Beef up your resume with PMP® CertificationYou can add more value to your profile by adding a PMP® certification to your resume. Employers hiring Project Managers prefer PMP® certified professionals over non-certified professionals.PMP® certification validates your project management experiencePMI (Project Management Institute) has set certain standards in regards to applying for the PMP exam. You need to acquire a certain amount of experience in directing and leading projects. Also, PMI has an audit process to ensure that you are truthful about your project history.Get networking and potential job opportunities as a PMP® certified professional The PMI chapters frequently organise meetings and workshops where project management professionals come together to learn the theories related to project management. These events also help you to earn PDUs which are valuable for renewing your PMP® certification when it expires in three years.These events expose you to discussions regarding fresh career opportunities from members who appreciate the importance of PMP® certification.PMP® certification proves your commitment towards the profession of project managementAs a PMP® certified professional, you spent your effort and time to attain your PMP® certification. This clearly shows your commitment to project management.Enhance your skillsYou need to undergo rigorous training in order to get PMP® certified. This also includes a significant amount of coursework. You get the opportunity to get trained and educated in five project management processes which include initiating, planning, implementing, controlling, and monitoring.To be precise, PMP® certification teaches you each and everything about project management which you can implement in your company for better project execution.Increase your earningYou tend to earn more as a PMP® certified project managers than the non-certified ones. You can increase your salary as a PMP® certified professional and expect an immediate hike as soon as you get PMP® certified. Surveys show that PMP® certified project managers earn 20% more than the non-certified project managers. Further, PMP® certified professionals have the capability to earn a six-figure income.  Other benefits There are numerous benefits of PMP® certification apart from the above-mentioned ones. Whatever field you belong to; finance, commerce, telecom, research, business, or technology, a PMP® credential will upskill your project managerial skills and allow you to step to new markets, new industries, and new countries.Although, you might feel demotivated for taking up the lengthy exam process and course fee, your money, time, and effort is worth as it returns you the benefit beyond you can imagine. Should I get a PMP® certification?If you are someone who’s passionate about Project Management and working in the project management field then you should definitely begin your journey for PMP® certification. It is a well renowned and respected certification with an excellent scope. It is mandatory in many organisations for a Project Manager to hold a PMP® or an equivalent certification.Once you are PMP® certified, you begin to progress both in terms of career and salary. According to PMI’s Salary Survey 9th edition, the salary of professionals with PMP® certification is 20% more on average than their non-certified counterparts. You need to fulfill the following requirements to appear for your PMP® certification exam:Project Management Experience (36 months for a 4-year degree holder and 60 months for a high school diploma or equivalent holder)35 hours of Project Management EducationIf you hold a bachelor's degree or global equivalent, then you need to have 4500 hours of Project Management experience.If you hold a high school diploma or global equivalent then you need to have 7500 hours of Project Management experience. Why do employers want you to be PMP®  Certified?Requiters looking for project managers divide the resumes into two piles: those with PMP® certification and those without. The following points will help you to understand why a PMP® certified professional is desired by the employers:Demand from customersAccording to Tim Wasserman, Program Director of Stanford’s Advanced Project Management Program, ‘Highly regulated industries (e.g., financial services, pharmaceuticals, defense, and aerospace) wouldn’t consider anyone without the PMP® certification’.If you are working in a company who has bid on a government project then you are likely to encounter a requirement for PMP® certification. But this requirement is not limited to government entities. The business approach for certain types of firms requires adherence to strictly-defined processes for which PMP is a must.PMP ensures your ability to speak the common language As a project manager, you are likely to spend the majority of time communicating with your team members who might differ from project to project. Therefore, your ability to speak the common business language ensures that you are on the same page with your team members, program manager, sponsor, etc.Although you can’t be sure that you will eliminate all kinds of possible miscommunications by having a team full of PMPs, this will surely reduce the chances of such scenarios as the entire team will have the common understanding of what each process and technique seeks to achieve.PMP shows that you can manage projects in a structured and repeatable fashionThe project management experts around the world use a set of repeatable and standardized processes to tackle the value of every unique process. PMI addressed the increased need for standardization of processes in its 2013 Pulse of the Profession™ Study. The tools, processes, and documents endorsed by PMI enable you to confidently and effectively manage the risk in any project. Moreover, you can ensure that the partner organisation and your team members are on the same page in regards to the management approach and risk identification.How does your PMP® certification benefit your employer? Adding a PMP® certification to your profile automatically opens up many beneficial doors for you as well as your employer. PMP® certified professionals are the leaders of some of the world’s top projects in renowned organisations. If you are imagining that how can a PMP® certification benefit your organisation, then these are the various benefits which your organisation can reap out of your PMP® certification:International recognitionAdd value to your companyCreate a healthy business cultureHaving organisational adaptabilityInternational recognitionPMI earned the ISO/IEC 17024 accreditation in the year 2007 for PMP® certification program. Since then, PMP® certification is an internationally recognised qualification which has the credibility in more than 85 countries which have endorsed and adopted ISO standardization practices. This clearly means that it is a certification recognized by the global community for its value and standardize the experience and qualification which a non-certified individual doesn’t hold. Once you get PMP® certified, you become a valuable commodity for your organisation if it intends to have a strong global presence and influence.Add value to your companyOnce you are PMP® certified, you start adding more value and a great benefit to your organisation. You are looked upon as a person who truly knows what he or she is doing.Your PMP® certification proves to be beneficial for your company in the following ways:Your organisation knows that the employees are getting led by someone who has the knowledge and experience to ensure that they work to the best of their ability.As a certified project manager, you have extensive knowledge about risk management and your company is assured that you will avoid any unnecessary mistakes that would lead to monetary loss.Your clients will be assured that they are getting the best service possible.Create a healthy business culture According to PMI, organisations are formulating their visions by integrating project management into it to create a healthy business culture. It further acknowledges that the most effective organisations recognize the need for a formal program and project management in their initiatives to change the business. The following factors play a pivotal role in an organisation while creating a culture that embraces project management and increases the business value:Understand the value of project managementActive engagement with executive sponsors on programs and projectsGetting projects and programs aligned with the organisation’s strategyHaving a highly matured program, project, and portfolio managementHave organisational adaptabilityPMI’s research shows that the skills demonstrated by PMP® certified project manager contribute towards the preparedness of a business or company for the market and environment change.ConclusionAs we have discussed all the benefits that your PMP® certification can bring to you and your organisation, we can sum it up as; PMP® certification improves your opportunities and skill set at the individual level and helps to manage the challenges and risks at an organisation level. It adds all the skills and knowledge which you need to expertly handle projects and teams in a variety of industries.So, if you want to get a PMP® certification and still worried about if it would help you then you should keep aside your worries and get onboard for an opportunity to give your career a new direction by getting PMP® certified.

Reap The Benefits Of Your PMP® Certification

7034
Reap The Benefits Of Your PMP® Certification

What makes you stand out in the crowd as a PMP® certified professional? PMP® Certification is considered worldwide as the gold standard for project management certification. One needs to do a lot of hard work in order to acquire one, which includes specialized formal training and several thousand hours of practical experience in order to pass a rigorous certification exam.

This entire process helps to validate your project management skills as well as, it ensures that you have the knowledge of the highest standard that makes you apt for the role of Project Manager. Once you get PMP® certified, you need to maintain it by earning PDUs, as your PMP® certification is only valid for 3 years. Now, how does all this hard work benefit you?

Advantages of being PMP® Certified

adavantages of being pmp certified

Got PMP® certified? Then it’s time for you to reap the benefits out of your PMP® Certification.

PMP® certification is an unbiased endorsement of your professional experience and project management knowledge at a global level. Having this certification under your belt exposes you to benefits like high market value, increased credibility, and most often, a higher pay. 

But is it worth getting a PMP® certification? This is the most common question that arises in your mind when you prepare yourself for a costly and complicated journey to get PMP® certified. The following benefits will surely help you to find the answer to your quest:

  • Beef up your resume with PMP® Certification

You can add more value to your profile by adding a PMP® certification to your resume. Employers hiring Project Managers prefer PMP® certified professionals over non-certified professionals.

  • PMP® certification validates your project management experience

PMI (Project Management Institute) has set certain standards in regards to applying for the PMP exam. You need to acquire a certain amount of experience in directing and leading projects. Also, PMI has an audit process to ensure that you are truthful about your project history.

  • Get networking and potential job opportunities as a PMP® certified professional 

The PMI chapters frequently organise meetings and workshops where project management professionals come together to learn the theories related to project management. These events also help you to earn PDUs which are valuable for renewing your PMP® certification when it expires in three years.

These events expose you to discussions regarding fresh career opportunities from members who appreciate the importance of PMP® certification.

  • PMP® certification proves your commitment towards the profession of project management

As a PMP® certified professional, you spent your effort and time to attain your PMP® certification. This clearly shows your commitment to project management.

  • Enhance your skills

You need to undergo rigorous training in order to get PMP® certified. This also includes a significant amount of coursework. You get the opportunity to get trained and educated in five project management processes which include initiating, planning, implementing, controlling, and monitoring.

To be precise, PMP® certification teaches you each and everything about project management which you can implement in your company for better project execution.

  • Increase your earning

You tend to earn more as a PMP® certified project managers than the non-certified ones. You can increase your salary as a PMP® certified professional and expect an immediate hike as soon as you get PMP® certified. Surveys show that PMP® certified project managers earn 20% more than the non-certified project managers. Further, PMP® certified professionals have the capability to earn a six-figure income.  

  • Other benefits 

There are numerous benefits of PMP® certification apart from the above-mentioned ones. Whatever field you belong to; finance, commerce, telecom, research, business, or technology, a PMP® credential will upskill your project managerial skills and allow you to step to new markets, new industries, and new countries.

Although, you might feel demotivated for taking up the lengthy exam process and course fee, your money, time, and effort is worth as it returns you the benefit beyond you can imagine. 

Should I get a PMP® certification?

If you are someone who’s passionate about Project Management and working in the project management field then you should definitely begin your journey for PMP® certification. It is a well renowned and respected certification with an excellent scope. It is mandatory in many organisations for a Project Manager to hold a PMP® or an equivalent certification.

Once you are PMP® certified, you begin to progress both in terms of career and salary. According to PMI’s Salary Survey 9th edition, the salary of professionals with PMP® certification is 20% more on average than their non-certified counterparts. You need to fulfill the following requirements to appear for your PMP® certification exam:

  • Project Management Experience (36 months for a 4-year degree holder and 60 months for a high school diploma or equivalent holder)
  • 35 hours of Project Management Education
  • If you hold a bachelor's degree or global equivalent, then you need to have 4500 hours of Project Management experience.
  • If you hold a high school diploma or global equivalent then you need to have 7500 hours of Project Management experience. 

Why do employers want you to be PMP®  Certified?

Requiters looking for project managers divide the resumes into two piles: those with PMP® certification and those without. The following points will help you to understand why a PMP® certified professional is desired by the employers:

  • Demand from customers

According to Tim Wasserman, Program Director of Stanford’s Advanced Project Management Program, ‘Highly regulated industries (e.g., financial services, pharmaceuticals, defense, and aerospace) wouldn’t consider anyone without the PMP® certification’.

If you are working in a company who has bid on a government project then you are likely to encounter a requirement for PMP® certification. But this requirement is not limited to government entities. The business approach for certain types of firms requires adherence to strictly-defined processes for which PMP is a must.

  • PMP ensures your ability to speak the common language 

As a project manager, you are likely to spend the majority of time communicating with your team members who might differ from project to project. Therefore, your ability to speak the common business language ensures that you are on the same page with your team members, program manager, sponsor, etc.

Although you can’t be sure that you will eliminate all kinds of possible miscommunications by having a team full of PMPs, this will surely reduce the chances of such scenarios as the entire team will have the common understanding of what each process and technique seeks to achieve.

  • PMP shows that you can manage projects in a structured and repeatable fashion

The project management experts around the world use a set of repeatable and standardized processes to tackle the value of every unique process. PMI addressed the increased need for standardization of processes in its 2013 Pulse of the Profession™ Study. 

The tools, processes, and documents endorsed by PMI enable you to confidently and effectively manage the risk in any project. Moreover, you can ensure that the partner organisation and your team members are on the same page in regards to the management approach and risk identification.

How does your PMP® certification benefit your employer?

 Adding a PMP® certification to your profile automatically opens up many beneficial doors for you as well as your employer. PMP® certified professionals are the leaders of some of the world’s top projects in renowned organisations. If you are imagining that how can a PMP® certification benefit your organisation, then these are the various benefits which your organisation can reap out of your PMP® certification:

  • International recognition
  • Add value to your company
  • Create a healthy business culture
  • Having organisational adaptability

PMP certification benefits for employer

International recognition

PMI earned the ISO/IEC 17024 accreditation in the year 2007 for PMP® certification program. Since then, PMP® certification is an internationally recognised qualification which has the credibility in more than 85 countries which have endorsed and adopted ISO standardization practices. 

This clearly means that it is a certification recognized by the global community for its value and standardize the experience and qualification which a non-certified individual doesn’t hold. Once you get PMP® certified, you become a valuable commodity for your organisation if it intends to have a strong global presence and influence.

Add value to your company

Once you are PMP® certified, you start adding more value and a great benefit to your organisation. You are looked upon as a person who truly knows what he or she is doing.

Your PMP® certification proves to be beneficial for your company in the following ways:

  • Your organisation knows that the employees are getting led by someone who has the knowledge and experience to ensure that they work to the best of their ability.
  • As a certified project manager, you have extensive knowledge about risk management and your company is assured that you will avoid any unnecessary mistakes that would lead to monetary loss.
  • Your clients will be assured that they are getting the best service possible.

Create a healthy business culture 

According to PMI, organisations are formulating their visions by integrating project management into it to create a healthy business culture. 

It further acknowledges that the most effective organisations recognize the need for a formal program and project management in their initiatives to change the business. The following factors play a pivotal role in an organisation while creating a culture that embraces project management and increases the business value:

  • Understand the value of project management
  • Active engagement with executive sponsors on programs and projects
  • Getting projects and programs aligned with the organisation’s strategy
  • Having a highly matured program, project, and portfolio management

Have organisational adaptability

PMI’s research shows that the skills demonstrated by PMP® certified project manager contribute towards the preparedness of a business or company for the market and environment change.

Conclusion

As we have discussed all the benefits that your PMP® certification can bring to you and your organisation, we can sum it up as; PMP® certification improves your opportunities and skill set at the individual level and helps to manage the challenges and risks at an organisation level. It adds all the skills and knowledge which you need to expertly handle projects and teams in a variety of industries.

So, if you want to get a PMP® certification and still worried about if it would help you then you should keep aside your worries and get onboard for an opportunity to give your career a new direction by getting PMP® certified.

KnowledgeHut

KnowledgeHut

Author

KnowledgeHut is an outcome-focused global ed-tech company. We help organizations and professionals unlock excellence through skills development. We offer training solutions under the people and process, data science, full-stack development, cybersecurity, future technologies and digital transformation verticals.
Website : https://www.knowledgehut.com

Join the Discussion

Your email address will not be published. Required fields are marked *

Suggested Blogs

PRINCE2® Exam and Certification Guide

PRINCE2® (PRojects IN a Controlled Environment) is widely considered to be one of the leading project management methodologies to run successful projects. It is a simple, light weight, scalable, flexible, highly tailorable, principle driven and agile enabled framework to run your projects effectively and efficiently. PRINCE2 revolves around the core concepts of principles, themes and processes which can easily fit into any project environment across enterprises and industries.PRINCE2 Certification LevelsThe PRINCE2 certifications are offered by Axelos and comprise of the PRINCE2 Foundation and PRINCE2 Practitioner credentials.PRINCE2 Foundation:  The PRINCE2® Foundation certification is the first level of the PRINCE2 suite of certifications. This credential intends to confirm your knowledge and understanding of the PRINCE2® method and validate your ability to work effectively with or as a member of a project management team working within an environment supporting PRINCE2®. The PRINCE2 Foundation covers the following learning objectives:  Structure and key terminologies of PRINCE2 method  Characteristics and context of a project  Benefits of adopting PRINCE2   PRINCE2 principles and themes  Purpose, objectives and context of PRINCE2 processes  Purpose of PRINCE2 roles and management products  Tailoring PRINCE2 to organizational and project needs  Preparing for the PRINCE2 Foundation examPrerequisites for appearing for the PRINCE2 Foundation exam: No prerequisites are mandated for this exam. The credential is a good starting point for professionals new to PRINCE2®. Process to follow to get PRINCE2 Foundation certified: 1. Get trained Get the 16-hour training through a Certified Partner of AXELOS and PeopleCert or self-study 2. Take the PRINCE2 Foundation exam Schedule your certification exam using the eligibility code you receive from PeopleCert. Take the 60-minutes online test and score a minimum of 55% to pass the PRINCE2 Foundation exam. 3. Get PRINCE2 Foundation certified  Download the e-certificate. You are now a PRINCE2 Foundation certified professional. Exam Details: Multiple choice  60 questions  1 hour to complete the paper  Achieve 33 or more out of possible 60 marks (55%) to pass the exam  Closed book exam The Foundation exam tests the candidates’ ability at Knowledge and Comprehension level, which means that candidates will have to recall the terminologies/definitions and also interpret the given questions correctly. This exam is pretty simple if you are well prepared.  Tips & Tricks to pass the PRINCE2 Foundation exam Read the study materials to get a complete understanding of the PRINCE2 methodology and concepts. ‘Managing Successful Projects with PRINCE2® 2017 Edition’ is one of the most important reference materials for your preparation. Practice extensively. Practice two sample question papers given by the governing body. Validate the answers with the answer rationales. Please visit: to download the sample papers.  Practice the sample papers along with other learners (in groups) if possible.  Read each question thoroughly (at least twice) before answering the questions.  Seek help and advice from your trainer/facilitator/coach to get the concepts correct during the training or before the examination.  PRINCE2 Practitioner:  The next level after the Foundation is PRINCE2 Practitioner. The designation is offered by AXELOS to practitioners who demonstrate their understanding by passing the rigorous PRINCE2 Practitioner exam. The credential helps professionals apply and tailor the PRINCE2® method, its principles, and themes to diverse projects and guide projects through their lifecycles.The PRINCE2 Practitioner covers the following learning objectives:  1.  Applying and tailoring the PRINCE2® method to diverse projects to bring in project flexibility  2. Applying the PRINCE2® principles across projects Providing business justification for the project  Building on experience from previous projects  Understanding project roles and responsibilities  Managing a project by breaking it into chunks  3. Applying principles, themes and processes to a project  Providing business justification for the project  Building on experience from previous projects  Understanding project roles and responsibilities  Managing a project by breaking it into chunk Building a business case to justify project continuity  Keeping track of all roles involved  Defining project quality  Planning targets  Handling change requests  Tracking project progress  4. Creating and assessing management products  Managing, executing and delivering work packages  Managing stage boundaries   Creating reports and record lessons for next stage  Delivering products to the customer  Prerequisites for appearing for the PRINCE2 Practitioner exam To qualify for the PRINCE2 Practitioner exam, you must have at least one of the following certifications: PRINCE2® Foundation or higher (applicable only to certificates obtained after 1 January 2009) Project Management Professional (PMP)® Certified Associate in Project Management (CAPM)® IPMA Level A® (Certified Projects Director) IPMA Level B® (Certified Senior Project Manager) IPMA Level C® (Certified Project Manager) IPMA Level D® (Certified Project Management Associate) Project Management Qualification (PMQ) Project Professional Qualification (PPQ) Process to follow to get PRINCE2 Practitioner certified: 1. Get trained Take the 16-hour PRINCE2 Practitioner training from a Certified Partner of AXELOS and an accredited training organization (ATO) with PeopleCert®. 2. Take the PRINCE2 Practitioner exam Schedule your certification exam using the eligibility code you receive from PeopleCert. Take the 60-minutes online test and score a minimum of 55% to pass the PRINCE2 3. Get PRINCE2 Practitioner certified Download the e-certificate. You are now a PRINCE2 Practitioner certified professional. Exam Details: Duration - 150 minutes (2.5 hrs)  Questions – 68 Objective type questions  Pass mark – 38 out of 68 available, or 55%  Use of textbook - Yes (only the official PRINCE2® manual permitted ) The Practitioner exam will now test candidates on all parts of the PRINCE2 method (Principles, Themes and Processes). The Practitioner exam tests the candidates’ ability at application and analysis level.  Tips & Tricks to pass the PRINCE2 Practitioner exam Make sure to get the Foundational concepts of PRINCE2 right, before taking up the Practitioner exam.  Read through the PRINCE2 Manual at least once before the exam.  Practice two sample question papers given by the governing body. Validate the answers with the answer rationales. Please visit: to download the sample papersPractice the sample papers along with other learners (in groups) if possible.  Though PRINCE2 Manual can be used for the Practitioner exam, use it scarcely. This will save a lot of time during the exam.  Time each question to two minutes or less. This will provide some free time to revalidate the answers at the end.  During the exam, imagine yourself to be a part of the project scenario.  No assumptions to be made while answering any questions. Just stick to the project scenario.   Leave aside practical experiences during the exam. Stick to PRINCE2 ways of managing projects.  Read each question thoroughly (at least twice) before answering the questions.  Seek help and advice from your trainer/facilitator/coach to get the concepts correct during the training or before the examination.Sample Papers example found on Axelos:    An examinee will be provided with a Scenario booklet and Question booklet for this examination. A hypothetical project scenario will span about two pages. 68 questions revolve around the scenario and tests the ability of the exam taker on the PRINCE2 concepts of Principles, Themes, Processes and Tailoring. Question Composition:   First 8 questions are based on Principles.  Next 35 questions will be based on Themes. Five questions will be asked from each Theme.   Remaining 25 questions will revolve around Processes.   Tailoring questions are infused across the above mentioned three categories.  Question Format:   Broadly, two types of question formats appear in a Practitioner paper. First one is an MCQ based question and answer and the second one is Match the following.  MCQ format: Match the following format:Exam Approach  As a first step during the exam, it is recommended to spend 3 to 5 minutes to read the first page of the scenario booklet and get the gist. Make a summary of the scenario.   This summary can include scope of the project, project exclusions, time, cost, tolerances, stakeholder information, number of stages etc. This will increase the probability of choosing the right answers.   Additional information provided in the scenario can be read later when required to save time.  In the question booklet, the heading of the topic under which the question is asked will be clearly mentioned. This makes the examinee’s work super easy.   ‘Match the following’ questions will have three questions but six answers. One should carefully examine and choose the right answer.  In the ‘MCQ based’ questions, every question starts with a small scenario based on the main scenario. Reading and understanding this will improve the accuracy in answering.    Some questions will denote that the exam taker must read the additional information before answering the question. In such cases, refer to the additional information section of the scenario booklet before proceeding to answer.    Maintaining the PRINCE2 Certifications PRINCE2 Foundation certification has lifetime validity and doesn’t require renewal.  Practitioner certification has 3 years validity and has to be renewed at the end of 3 years. Here are some tips on maintaining the credential: Axelos maintains a “Successful Candidates Register” (SCR). Peoplecert updates the SCR from time on time. Within 30 to 60 days after receiving Practitioner certificate, a candidate will be notified through an email to avail one year of free subscription from Axelos.   Once free subscription is activated, you will be eligible to clock 20 Continuing Professional Development (CPD) units. This is very similar to PMI’s Professional Development Units (PDUs).   CPDs can be logged broadly under four categories such as Professional Experience, Training and Qualification, Community Participation and Self-Study. This can be attained by attending any trainings, delivering trainings, by taking part in volunteering activities, by learning new content from any portals like Coursera, LinkedIn learning, Udemy etc., taking part in project activities, attending any seminars/webinars or by accessing white papers, case studies or videos on the Axelos website.  Once 20 CPDs are logged, one can claim the digital badge. The digital badge is a way to display one’s professional credentials. The digital badge is valid only for one year.   To renew the digital badge, £50 + VAT needs to be paid to Axelos. This will reset the CPD counter to Zero. This enables the practitioner to log 20 CPDs and claim the digital badge. This cycle can continue.   Successful candidates can avail the free subscription and clock 20 CPDs. For example, if your practitioner certification expires by 10th March 2023, claim your digital badge on 9th March 2023. This will enable you to retain your certification through Mar 2024. After that you can pay the subscription charges and continue to maintain your credentials.  If you don’t want to get into the subscription model, you can resit for another exam after 3 years.  For more details about subscription, CPD & digital badge, please visit  
9371
PRINCE2® Exam and Certification Guide

PRINCE2® (PRojects IN a Controlled Enviro... Read More

Best Project Management Certifications in 2021

While nothing can replace industry work experience, there is no doubt that a credible certification can open up new opportunities and elevate your current profile. This is true for any area of work and more so in the project management field.With projects getting more complex, pan global and resource intensive, organizations look to hire project managers who come with solid expertise and a recognised certification to back their knowledge and skill.With so many project management credentials to choose from, which one would suit you best in terms of the knowledge and opportunities you will gain? Here is a ready compilation of the best Project Management Certifications for 2021, to help you to make an informed decision.PMP®CAPM®PMI-RMP®PRINCE2® Foundation/PRINCE2 PractitionerPgMP®PMI-ACP®1. Project Management Professional (PMP)®Arguably the most well-known credential in the Project Management space, the PMP is globally recognized as the gold standard in project management. Offered by the Project Management Institute (PMI)®, the PMP gives you the bandwidth to work in any industry, using any methodology and working on a variety of situations.This certification is a litmus test of your project management knowledge and skills in managing the project "triple constraints", that is time, cost, and scope. And with its new rollout, the PMP helps holders grow and develop diverse project management skills to suit the fast-changing markets of today and beyond.PMP DemandThe reason why PMP is so well received is because the skills one learns during the PMP certification journey can be applied across sectors, geographies and industries including IT, government sectors, telecommunications, manufacturing, banking and more.It allows certified professionals to maximise value, enhance bottom line margins and prove that they can drive business results.PMP continues to remain one among the best Project Management Certifications for 2021.Benefits of getting PMP certifiedValidate your commitment to continued excellence and qualityDemonstrate your proficiency in project managementGrow your career in project management with confidenceManage projects across sectors and industriesGet yourself hired by the bestEarn salaries that are up to 58% higher than those who do not hold the certificationEarn salaries up to $145,000Top industries that hire PMP professionalsExxon MobileAppleSAICEXELONWhere to take training for certification: Aspirants must undertake the training from an Authorized Training Provider of PMI®.Who should take the training for certification:Mid-Level, Senior Project ManagersProject CoordinatorsProject AnalystsProject LeadersProduct ManagersProgram ManagersProject SponsorsTeam LeadersAnyone interesting in building project management skillsEligibility for PMP examTo be eligible for the PMP® exam, you must fulfill the following criteriaEDUCATIONAL BACKGROUNDSecondary Degree (high school diploma, associate’s degree or global equivalent), ORFour-year Degree (bachelor’s degree or global equivalent), ORBachelor's or Post-Graduate degree from a GAC accredited program (bachelor’s degree or master's or global equivalent).PROJECT MANAGEMENT EXPERIENCEMinimum five years/60 months unique non-overlapping professional project management experience, ORMinimum three years/36 months unique non-overlapping professional project management experience, ORMinimum two years/24 months unique non-overlapping professional project management experience.PROJECT MANAGEMENT EDUCATION35 contact hours of formal education, unless you are an active CAPM holder.Exam FormatThe latest (2021) PMP® certification exam pattern is as follows:No of questions: 180 multiple-choice, multiple responses, matching, hotspot and limited fill-in-the-blank.Time: 230 minutesDifficulty level: The questions are populated as per the difficulty level. The questions are randomized so that no two candidates will get similar questions. The easier the question, the higher the passing score determinant and the higher or tougher the question, the easier the passing score. Duration to get certified: After completing your 35 hours of PMP workshop training, you need to rigorously prepare for the exam. Experts suggest dedicating several weeks to studying for the exam to ensure thorough preparation. Your web-based exam results will be visible to you immediately upon completion of the exam.Course fee for certification: In India: INR 14999, America: USD 999, Canada: CAD 1399Application fee: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certification:In IndiaMember: ₹23,459.00 Non-member: ₹42,863.00 In US Member: $405 Non-member: $555Retake fee for certification:Member: $275Non-member:$3752. CAPM®: Certified Associate in Project Management Yet another offering from the PMI, the CAPM is a foundational credential that reflects the holder’s expertise in defining and managing new age project management tools and techniques. Based on the PMBOK® Guide-Sixth Edition, the CAPM will help you stand out among non-certified project managers and showcase your proficiency in implementing global project management best practices.  CAPM Demand: The CAPM certifies the holder as being adept in project management practices. An organization having a pool of CAPM qualified professionals has a good reputation and standing in the market. Owing to the benefits that they bring in, CAPM practitioners are much in demand.Benefits of getting CAPM certifiedLearn the right skills in project managementGain insights into project executing, monitoring, controlling and managementBe thorough in estimating project activity costsAchieve quality management and quality assurance at every stageMaster global project management best practicesOpen yourself to new opportunities and lucrative job offersEnhance your market credibility  Gain 23 contact hours/PDUsBe part of the PMI network and gain several benefitsEarn average salaries from $93,500 to $111,500Top industries that hire CAPM professionalsKaiser PermanateAecom CorporationSAP AmericaBooz, Allen, HamiltonInternational Business Machines (IBM) CorpWhere to take training for certification: Aspirants must train from an Authorized Training Partner (ATP) of PMI.Who should take the training for certificationAssociate Project ManagersProject ManagersIT Project ManagersProject CoordinatorsProject Analysts, Project LeadersSenior Project ManagersTeam LeadersProduct ManagersProgram ManagersProject SponsorsProject Team MembersEligibilitySecondary degree (high school diploma, associate’s degree or the global equivalent)23 hours of project management education completed by the time you sit for the examExam FormatNo of questions: 150 questions Time: 3 hoursDifficulty level: Moderate but requires thorough knowledge of project management principlesDuration to get certified: After completing your 23 hours of CAPM workshop training, you need to dedicate around 45-60 hours to ensure complete preparation for the exam. Your web-based exam results will be visible to you immediately upon completion of the exam.  Course fee for certification: INR 8999, USD 799Application fee for certification: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certification:In IndiaMember: ₹17,377.00Non-member: ₹23,169.00In U.S.Member: $435Non-member: $4953.  PMI-RMP®: Project Management Institute-Risk Management ProfessionalThe pandemic exposed many vulnerabilities that organizations had not been prepared for. When faced with unprecedented risks, organizations need specialists who can identify and assess project risks, mitigate threats and take advantage of opportunities. The PMI-RMP course and certification prepares professionals to perform this role and successfully steer projects in complex environments.PMI-RMP Demand: According to the 2015 Pulse of the Profession® by PMI, “Eighty-three percent of organizations that are high performers in project management practice risk management frequently while just 49 percent of low performers do so”. This shows the importance of risk management and the emphasis organizations place on qualified risk managers.Benefits of getting PMI-RMP certifiedApply risk management practices for greater competitive advantageIdentify and measure risks in project development and implementationQuantify and create risk response strategies to deliver products that meet stakeholder expectationsUse a proactive and focused approach to preventing problems, rather than dealing with them once they occurIncrease your visibility within the companyAim for greater career growthEarn salaries upto $115,931Top industries that hire PMI-RMP professionalsWhere to take training for certification: Aspirants must train from an Authorized Training Partner (ATP) of PMI.Who should take the training for certificationRisk ManagersRisk Management ProfessionalsProject ManagersProject SponsorsProgram ManagersProject EngineersProject CoordinatorsPlanning ManagersPlanning EngineersProject Cost Control EngineersQuantity SurveyorsCivil EngineersIT Project ManagersProduct ManagersProject AnalystsBusiness AnalystsProject LeadersProject Co-ordinatorsTeam LeadersTeam MembersEligibilityTo apply for the PMI-RMP® Credential, you need to possess a:Secondary degree (high school diploma, associate’s degree, or the global equivalent)4,500 hours of project risk management experience40 hours of project risk management educationORFour-year degree (bachelor’s degree or the global equivalent)3,000 hours of project risk management experience30 hours of project risk management educationExam FormatNo of questions: 170 questions Type: Multiple ChoiceTime: 3.5 hoursDuration to get certifiedApplication fee: For PMI membership: USD $ 129 plus USD $10 for application fee.Course fee for certification: INR12999, USD 999Exam fee for certificationIn U.S.Member: $520Non-member: $670Retake fee for certificationMember: $335Non-member: $4354. PRINCE2® Foundation/PRINCE2 PractitionerThe PRINCE2 (PRojects IN Controlled Environments) Foundation and Practitioner credentials are sought-after offerings from AXELOS. There are a number of credentials offered under PRINCE2 that make it suitable for a wider audience. Axelos keeps the PRINCE2 curriculum regularly updated with the latest industry advances, which makes it suitable for new age project management and intensive, demanding projects.  PRINCE2 Demand: PRINCE2 extends its applicability across industries and sectors. This makes it very popular in the market as it is a one size fits all model. Although PRINCE2 was founded in the UK, it has now firmly established its presence in industries across the world. According to a report in LinkedIn, PRINCE2 is the most popular project management methodology. A professional adept at PRINCE2 and holding the credential is highly valuable and sought after by organizations implementing PRINCE2 for their projects.  Benefits of getting PRINCE2 certifiedGuide projects in their entiretyTailor PRINCE2 to suit the needs of projects and organizationsValidate your commitment to continued excellence and quality  Master and demonstrate your proficiency of the PRINCE2® framework  Gain project management best practices and grow your career with confidence Work across projects in diverse sectors and industriesShow your ability to work in challenging work environments  Command higher salaries (upto $99,012 average) than your non-certified peers Top industries that hire PRINCE2 professionalsShellBPTranspower New ZealandIBMHPAquasoftGetronicsSiemensWhere to take training for certification: Aspirants must undertake training from a Certified Partner of AXELOS and an accredited training organization (ATO) with PeopleCert®.Who should take the training for certification?Project ManagersProject CoordinatorsProject AnalystsProject LeadersProduct ManagersProgram ManagersProject SponsorsTeam LeadersSenior Responsible OwnersProduct Delivery ManagersBusiness Change AnalystsProject and Programme Office PersonnelOperational Line ManagerAnyone who wishes to build up knowledge in project management EligibilityThere are no eligibility requirements for the PRINCE2® Foundation certification exam. To qualify for the PRINCE2 Practitioner exam, you must have at least one of the following certifications: PRINCE2® Foundation or higher (applicable only to certificates obtained after 1 January 2009) Project Management Professional (PMP)® Certified Associate in Project Management (CAPM)® IPMA Level A® (Certified Projects Director) IPMA Level B® (Certified Senior Project Manager) IPMA Level C® (Certified Project Manager) IPMA Level D® (Certified Project Management Associate) Project Management Qualification (PMQ) Project Professional Qualification (PPQ) Exam FormatFoundation ExamDuration: 60 minutes (1 hour) Questions: 60 Multiple choice questions Pass mark: 33 out of 60 available, or 55% Use of textbook: No, it’s a closed book examPractitioner Exam Duration: 150 minutes (2.5 hrs) Questions: 68 Objective type questions Pass mark: 38 out of 68 available, or 55% Use of textbook: Yes, but only the official PRINCE2® manual is permitted. Duration to get certifiedYou will need to attend 32-hours of PRINCE2® Foundation and Practitioner training from an ATO of AXELOS and PeopleCert®, following which you will be required to take the exams to demonstrate your knowledge of PRINCE2 and get certified. The results of your tests are issued within 2 business days from the date of your exam.  Course fee for certification: USD 1999Exam fee for certification: Included in course feeRetake fee for certification5.  PgMP®: Program Management Professional (PgMP)® Certification TrainingAnother project management from the PMI, this credential is more advanced than the PMP and certifies the holder’s ability to manage complex projects that cover functions, organizations, cultures and geographies. The credential mandates holders to be proficient in the six prime focus areas: Governance, Prioritization, Escalation, Resource Management, Benefits Realization, and Stakeholder Management.PgMP Demand: Credentials from the PMI are known for their rigorous standards and testing, which is why they are well accepted in industries across sectors. PgMP holders are better able to promote integration and coordination of multiple projects for the overall benefit of the program. According to PMI’s 2015 Pulse of the Profession® report, an organization’s projects are far more successful with program management than without it — 76 percent compared to 54 percent. This further compounds the demand for PgMP professionals. Benefits of getting PgMP certifiedGet in-depth knowledge of tools and techniques to handle complex multiple related projectsUnderstand Program Lifecycle and its processes, competencies, tools and techniques with practical sample templatesLearn to implement large-scale programs to align with business strategyOpen yourself to lucrative job opportunities and leadership rolesWork in projects across geographiesEarn high salaries, upto $139,000 on averageTop industries that hire PgMP professionalsAmazonGoogleMicrosoftCognizantCapgeminiDeloitteJP Morgan ChaseErnst & YoungWhere to take training for certification: Aspirants must train from an Authorized Training Provider of PMI®Who should take the training for certificationTeam LeadsSponsorsProject DirectorsProgram ManagersPortfolio Managers  Project Management Office (PMO) HeadsEligibilityA Four-year Degree (Bachelor's or Global equivalent), with at least four years of Project Management experience and four years of Program Management experience.ORA Secondary Diploma (High school or Global equivalent), with at least four years of Project Management experience and seven years of Program Management experience. Exam FormatNo of questions: 170 multiple-choice, of which 20 are considered pretest questions which are not scored.Question type: Most questions are scenario based and test a professional's understanding and clarity of thoughts on different Program Management concepts.Time: 4 hoursDifficulty level: DifficultDuration to get certified: You have to complete your 24 hours of training from an Authorized Training Partner (ATP) of PMI. Make a study plan and stick to it religiously. The PgMP is considered to be more difficult than the PMP and requires a fair bit of preparation. Once you pass the 4-hour exam you will be PgMP certified.  Course fee for certification: INR 13,999; USD 1199Application fee for certification: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certificationIn IndiaMember: ₹46,338.00Non-member: ₹77,230.00In U.S.Member: $800Non-member: $1000Retake fee for certificationMember: $600Non-member: $8006. PMI-ACPPMI-ACP Demand: Agile is a fairly new concept in the context of product development. Though organizations reap immense benefits by adopting Agile, the road to transformation can often turn out to be expensive if not well executed. PMI-ACP professionals are therefore in huge demand as they can bring in project management best practices in Agile environments and ensure project success.  Benefits of getting PMI-ACP certifiedThe shortage of Project Managers has increased job opportunities in the Agile environmentYou will qualify for Agile jobs with expertise in Agile methods like Scrum, FDD, Kanban, etc. which are in demand in the industryEarn salaries in the range of $108,000 on an averageEquips you with knowledge of various Agile methodsMakes you more marketableTop industries that hire PMI-ACP professionalsStandard CharteredOracleIBMVMWareSource: IndeedWhere to take training for certification: Aspirants must train from an Authorized Training Provider of PMI® Who should take the training for certification?Project ManagersProject PlannersQuality Assurance StaffDevelopers/ProgrammersDesigners, TestersProject ControllersProduct OwnersScrum MastersScrum Team MembersEligibilityTo apply for the PMI-ACP®, candidates must meet the following requirements:1. General Project Experience2000 hours of working on project teams within the last 5 years or having an active PMP®/PgMP® credential2. Agile Project Experience1500 hours of working on Agile Project Teams or with Agile Methodologies, in addition to “General Project Experience” above;3. Training in Agile Practices21 contact hours earned in Agile PracticesExam FormatNo of questions: 120 MCQ, of which 20 are pre-testDuration: 3 hoursDuration to get certified: Once you complete the course, you need to schedule the exam date. Exam applications have to be submitted and approved by PMI. Online applications m ay take upto five business days to get processed. Once your application is processed, you can schedule your exam date, and on passing receive the PMI-ACP credential.Course fee for certification: INR 10,999, USD 1099Application fee for certification: For PMI membership: USD $ 129 plus USD $10 for application fee.Exam fee for certificationFor members: $435Non-members: $495Retake fee for certificationMembers: $150Non-members: $200SummaryProject Management is among the most sought after job roles, not only in the tech industry but any industry that executes and manages projects. By 2027, 88 million individuals will need to be skilled in project management-oriented roles. This makes it among the hottest job trends in the coming years, and a credential will go a long way in helping you capitalise on this trend.
2346
Best Project Management Certifications in 2021

While nothing can replace industry work experience... Read More

Lessons in Project Management from the COVID-19 Disruption

COVID-19 has been one of the most disruptive events mankind has faced in generations. Not once in the last 100 years have governments had to seal borders or ask companies to shut down non-essential services. For project management practitioners, “safety first” has taken a new direction, a big change from delivery “on time and on budget”.Many projects are being put on hold, not because they were not needed or because there was no funding available, but because of uncertainty and market volatility. Worldwide, governments are collaborating at an unprecedented scale and for a while political differences and old rivalry are forgotten.At a smaller scale, organisations, teams, and individuals are adapting to the crisis and the savvy ones are learning from the impacts of actions taken at a larger scale.As industries adapt to the new normal, what should organisations be asking themselves to ensure that they can embrace a new and more effective way of delivering projects over the long term? How can project management professionals adapt to the post COVID world and maintain or even increase their employability?In this ebook, we present an analysis by Dan S. Roman, an outcome-driven Senior Project Manager and Scrum Master with over four decades of project management experience. Dan is a pioneer of Agile delivery, using light documentation, incremental and iterative development since 1990 and formal Agile Frameworks (XP, Scrum) since early 2000.A champion of combining best practices to achieve results, Dan reflects on possible changes that the project management profession may see in the future due to the disruption brought about by COVID-19.Dan makes his projections on four key aspects in the delivery of projects and programs in response to the COVID-19 crisis are examined, namely: project delivery disciplines, the role of project leadership, management of project phases and the need for increased focus on upskilling.
2716
Lessons in Project Management from the COVID-19 Di...

COVID-19 has been one of the most disruptive event... Read More

Useful links